U.S. Clarify Conflict Mineral Rules

Reuters reported the United States is set to clarify the Dodd Frank Act as regulators finalize rules on overseas operations and conflict free minerals.

As quoted in the market news:

The “blood minerals” provisions say U.S.-listed firms that source gold, tungsten, tantalum and tin from Congo or its neighbors must assure regulators they are not funding conflict in that war-torn country.

The disclosure rules were widely hailed by humanitarian groups as the most sweeping measures yet to try and tackle the problem as they hit the primary cause: opaque deals between governments and industry.

Click here to read the full Reuters report.